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Preparing for a Representations and Warranties Underwriting Call in a Merger and Acquisition Transaction

JD Supra: Mergers

When a buyer in a Merger and Acquisition (M&A) transaction seeks to obtain representations and warranties insurance (RWI), one of the key steps is the underwriting call. This call is a critical part of the insurers diligence process, where the underwriters assess the risks involved in the deal before issuing the policy.

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Important RWI Considerations under the Corporate Transparency Act

JD Supra: Mergers

The Corporate Transparency Act of 2020 took effect on January 1, 2024, adding new filing requirements for many companies that may find themselves involved in mergers and acquisitions. In the below legal update, the Seyfarth RWI Underwriting Counsel team describes the new filing.

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SEC Adopts Final Rules Enhancing Disclosures and Providing Additional Investor Protections Related to SPACs

JD Supra: Mergers

Nearly two years after first proposing new rules related to special purpose acquisition companies (SPACs), the U.S. The SEC also provided guidance regarding underwriter status. The final rules require new enhanced disclosure requirements related to SPACs, and include new procedural protections in de-SPAC transactions.

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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

Indeed, the acquisition of X1 gets Robinhood into the credit card business with the interchange fee revenue that comes with it. The startup first made headlines for its unique model , which allows it to underwrite customers based on their income rather than their credit scores.

Valuation 315
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Portfolio Purchase Pointers July 2023 - NAV Acquisition Finance for Secondaries Facilities

JD Supra: Mergers

These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders. In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds.

Portfolio 130
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Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed

How2Exit

b' E205: Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed - Watch Here rn rn About the Guest(s): rn Parnell Speed is a seasoned professional with a background in engineering and experience in the real estate sector.

Finance 130
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Mergers and Acquisitions Volumes Down 60%

Street of Walls

Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Thus far in 3Q12, equity underwriting volumes are averaging 12% below both the 2Q12 weekly average level and the 3Q11 average weekly level.